908 Brass ST, Austin TX 78702

The market data from 7 similar recent sales in BURATTI & CHERICO points to a value of approximately $377,694. To sell within a reasonable timeframe at fair market value, the $414,000 to $463,000 range is where I'd position this. Against 3 similar active listings in BURATTI & CHERICO, this price point lands at the 2nd most expensive of 3 comparable homes on the market. The smaller floor plan (210 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1951 construction puts this home 20 years older than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in BURATTI & CHERICO; a buyer's market based on recent absorption. In 78702, home values have fallen approximately 4.7% over the past 6 months. One of the strongest data points is 2904 Castro ST, Austin TX 78702, adjusting to $334,882; with a smaller floor plan. 7 comparable transactions in BURATTI & CHERICO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group